Is The Market Cooling Off? - April Numbers Are In

Dated: May 23 2023

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lakeland Housing Activity April 2023  

Is The Market Cooling Off? - Lakeland Florida Housing Activity -

There is a lot of media hype out there right now about the Central Florida Real Estate Market and in particular the Lakeland market. We have been experiencing incredible growth over the past several years but April's numbers may be signaling a cooling in the market as we approach our summer busy season.

lakeland Housing Activity April 2023

What are Consumers Saying?

With the sharp rise in interest rates along with the explosive gains in housing prices here in the Lakeland area many buyers have been priced out of the market all together. We are also hearing from sellers that they would sell but they are not interested in paying the current interest rates either.

In spite of these current market corrections, real estate remains one of the best investments out there for long-term gains. The chart below shows the historic median home values all the way back into the 50s and even though there have been some market adjustments the trend is still upwards. This is also the case for the Central Florida Real Estate Market. 

Historic Market Trends Chart

What Should You Do?

So, with this data in mind, we feel that investing in Central Florida Real Estate is still a great investment. Sellers, yes the rates are higher than the historic artificial lows of the past few years but remember to realize the gain potential over time of the investment including the interest rate. Your home has never been worth more than it is today. Real estate is a long-term strategy. Let us know what your goal is and we can help you create a plan that will accomplish it!

Buyers, remember this, you have to "get into the game" to have a chance to win. Start somewhere. Rent receipts are worth nothing. You are paying someone else's mortgage. Start small, something you can afford. Don't compare your beginning to someone else's finish. There are very attractive financing options available today as lenders are trying to attract buyers into the market. If you need help, reach out to us. We have been in the Central Florida Real Estate business for over 25 years.

Robert Lindquist
Owner/Broker
Sellstate Centric Realty

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Robert Lindquist

Robert is one of Lakeland's most trusted and respected real estate professionals. Robert is the broker and owner of Sellstate Centric Realty and is a "Senior Lifestyle Specialist" and a "Certified Rea....

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